They have brought in new Sr. Management that are focused on getting the company profitable. At all costs. 18,000 people reduction in Japan. Closing 6 factories and discontinuing the sale of non-profitable products. Sr. Management is now focusing on basic business practices to improve employee performance.

Cons

Sr. management will not leave some of the traditional Japanese ways. All employees paid at the same pay (roughly - minor deviation). Also, performance reviews are decided by a committee (in an effort to equalize, but instead you get people weighing in who have no clue about other employees). Early Retirement allows the company to reduce headcount, but it is usually the best people that go.

Advice to ManagementAdvice

- Reduce your employment by removing the lowest performers.- Stop micro-managing purchases under 10,000 yen- Hire exceptional people to come in and lead across the company, not just at the top!